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Agnico: 3Q Earnings Snapshot

·1 min read

TORONTO (AP) _ Agnico Eagle Mines Ltd. (AEM) on Wednesday reported third-quarter earnings of $222.7 million.

The Toronto-based company said it had net income of 91 cents per share. Earnings, adjusted for non-recurring gains, came to 78 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share.

The gold mining company posted revenue of $980.6 million in the period.

Agnico shares have climbed 24% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $76.13, a climb of 30% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AEM at https://www.zacks.com/ap/AEM